Professional Documents
Culture Documents
Introduction
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1.1 Introduction:
In general sense we mean “Bank” as a financial institution that deals with money. There are
different types of banks like Central bank, Commercial bank, saving bank, Investment bank,
Merchant bank, Co operative bank etc. But when we use the term bank it generally means
‘commercial bank’ that collects the deposit from surplus unit of the society and then lends the
deposits to the deficit units of the society.
The existence of banking sector is not a new matter, as its existence was long years ago. But
the new thing is that how it operates and presenting its activities for the purpose of serving
customer requirements to increase their well being in the sense of wealth. Banks also provide
many services for clients to make easy their life in a busy environment. In this competitive
environment in today’s world, the entire bank increases their facilities in favour of their
customers to retain them and capture more share of the market to be leader. Interest is one of
the main factors in attracting customers and also one of the significant factors in increasing
extra income from providing loans besides other service income. So, it can be said that
conventional banking systems are interest-based system.
Bangladesh is one of the largest Muslim countries of the world. The people of this country
are deeply committed to Islamic way of Life as it is mentioned in the Quran and Sunnah. But
it is not possible for the people to establish and design their economic lives in accordance
with Shariah. The very objective of Shariah is to promote the welfare of the people that lies in
safeguarding their faith, their life, their posterity and their wealth. In this regard to establish a
banking world that run according to Shariah, the concept of Islamic Banking Arise. Its
establishment in Bangladesh on 13th March 1983, named Islamic Bank Bangladesh Limited.
IBBL was followed by several others including Export Import (EXIM) Bank of Bangladesh
Ltd in 1999.
1.2 Background of the Report:
This report was being assigned as a part of the BBA Program. To prepare the report under the
BBA program requirement, I accommodate my internship program in the EXIM Bank
Limited. For the completion of the program, I have already prepared a report. This report is
being formed on the most important issue “Foreign Exchange performance of EXIM Bank
Limited”. The entire report is based on practical experience of EXIM Bank Limited. I have
tried to furnish all the issue that I gathered from through working with EXIM Bank limited.
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1.3 Objectives of the Report:
Behind this report, there have some objectives, which must have to fulfill. There both have
some general objective and specific objectives.
1.3.1. General Objective:
The main objective of the report will be to provide an overview of the “General Banking
Activities of EXIM Bank Limited - a Study on Zinda Bazar Branch with fulfilling the
requirement of BBA program. However, the objective behind this study is something
broader. Objectives of the report are summarized in the following manner- graduate
1.3.2. Specific Objective:
To present an overview of EXIM Bank Limited.
To identify the general banking activities of EXIM Bank Limited.
To analyze the general banking activities of EXIM Bank Limited.
To identify problems related to general banking activities of EXIM Bank Limited.
To make some recommendations to solve the problems of EXIM Bank Limited.
Sources
Primary Secondary
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1.6.1 The primary sources of data:
Face to face conversation with the Bank officers and staffs.
Direct conversation with the clients.
File study of different sections.
Deskwork: during my practical orientation I worked in head office and Zinda Bazar
Branch.
In head office I worked in foreign and credit division. In Zinda Bazar Branch I
worked in the Sections.
1.6.2 The secondary sources of data:
Annual Report of EXIM Bank of Bangladesh Ltd., 2018.
Deferment paper of EXIM Bank.
Unpublished data received from the head office and branch.
Different text books.
I tried my best to discuss my subject in analytical way. I also have represented some graphs
and tables, which show performance of EXIM Bank Ltd. based on financial data.
To collect necessary information I used questionnaire method, which is shown in the chapter
six. I have given some recommendations to solve the problems of EXIM Bank Ltd. as per my
own thought.
1.7 Limitations of the Study:
This is an individual research work where only one individual researcher needs to undertake
the whole process done alone. In all remain within I failed to escape by any means. These are
as follows:
Two months time for internship is a pretty short time to acquire in depth knowledge
about all the departments of EXIM Bank Limited.
To collect information I faced difficulty because of the excessive nature of
confidentiality.
EXIM Bank is an Islamic bank for that reason I face some problems to understand
their products & facilities they provide. Because some of the rules of the Islamic
banking are different from the general banking rules.
It requires a lot of assistance from all level officers and stuff but as a bank the officer
was busy in doing their jobs.
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Since I was confined by a specific topic and should work on the topic related
department (foreign exchange) but some time I need to worked in different
department so it is not possible to learn hundred percent on that topic.
The study was limited by the availability of the data.
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Chapter- 02
Overview of Banking Industry
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2.1 Overview of Banking Industry: The Industry Basics:
A bank is a financial institution that provides banking and other financial services to their
customers. Banks are a subset of the financial services industry and play an important role in
the global economies. They are a key player in stimulating economic growth. Banking is an
important undertaking. The movement of capital handled by banks allows economies to grow
and prosper. Businesses and governments need money to operate, and banks act as
intermediaries between the suppliers of funds and users of funds.
2.2 The Law of Banking:
Banking law is based on a contractual agreement between the bank and customer. The
customer is any entity for which the bank agrees to conduct an account or business. Given
below are the generally accepted rights and obligations:
The bank account balance is the financial position between the bank and the
customer: when the account is in credit, the bank owes the balance to the customer;
when the account is overdrawn, the customer owes the balance to the bank.
The bank agrees to pay the customer's cheques up to the amount standing to the credit
of the customer's account, plus any agreed overdraft limit.
The bank may not pay from the customer's account without a mandate from the
customer, example cheques drawn by the customer.
The bank agrees to promptly collect the cheques deposited to the customer's account
as the customer's agent, and to credit the proceeds to the customer's account.
The bank has a right to combine the customer's accounts, since each account is just an
aspect of the same credit relationship.
The bank has a lien on cheques deposited to the customer's account, to the extent that
the customer is indebted to the bank.
The bank must not disclose details of transactions through the customer's account—
unless the customer consents, there is a public duty to disclose, the bank's interests
require it, or the law demands it.
The bank must not close a customer's account without reasonable notice, since
cheques are outstanding in the ordinary course of business for several days.
These implied contractual terms may be modified by express agreement between the
customer and the bank. The statutes and regulations in force within a particular jurisdiction
may also modify the above terms and/or create new rights, obligations or limitations relevant
to the bank-customer relationship.
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2.3 Types of Banks: Commercial & Investment Banking:
The banking industry can be divided into two categories ‘commercial-banking’ and
‘investment-banking’. Commercial banks play a key role in the entire financial system by
mobilizing deposits from households spread across the nation and making these funds
available for investment, either by lending or buying securities. Investment Banks on the
other hand, raise capital (cash/money) for companies, which companies need in order to grow
and expand their businesses. Investment banks sell securities to public investors in the form
of stocks or bonds.
Distinctive types of banks are evolving to cater to the various business demands, social needs
and global complexities. These different banking institutions conduct their operations in a
different manner. However, on the basis of their functions, clientele served and products or
services offered, we can classify banks as follows:
Retail Banks
Commercial banks
Investment Banks
Cooperative banks
Central banks
Specialized banks
2.4 Business Model: Customer Profiles:
Banks are large and complex organizations. Their clients range from individuals and
institutions, all the way up to the governments and central banks of entire countries. This
industry builds and maintains financial relationships with variety of customers ranging from
individuals to governments to supply financial products and services. Given below are major
classification of banking customers:
Individual Consumers
Small Businesses & Traders
Farmers & Rural Consumers
Corporate and Corporations
Banks – Domestic & International
Governments
Institutional Investors
Non-Profit Organizations
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International Clients
2.5 Current Industry Trends:
As a variety of models for cooperation and integration among finance industries have
emerged, some of the traditional distinctions between banks, insurance companies, and
securities firms are fast diminishing. In spite of all these developments, banks continue to
maintain and perform their primary role—accepting deposits and lending funds from these
deposits. During the recent times, technological advances has enabled banks to extend their
reach globally, and there is no longer a need for customers to visit bank’s branches for every
transaction, as most of the transactions can happen online.
The growth in cross-border activities has also increased the demand for banks that can
provide various services across borders to different nationalities. Despite these advances in
cross-border activities, the banking industry is nowhere near as globalized as some other
industries. There is no doubt that “Technology” is going to be catalyst in that growth,
creating huge opportunities for professionals with good understanding of banking industry
domain.
2.6 History of Banking in Bangladesh:
The first modern bank headquartered in Dhaka was Dacca Bank, established in 1846. It did a
very limited business and did not issue banknotes. It was purchased by Bank of Bengal in
1862. Bank of Bengal opened branches in Sirajganj and Chittagong in 1873, and in Chandpur
in 1900. In 1947, upon the Partition of Bengal, it had six branches in East Bengal, in Dhaka,
Chittagong, Chandpur, Mymensingh, Rangpur, and Narayanganj.
In the beginning of 1971, there were 1130 branches of 12 banks in operation in East Pakistan.
The foundation of independent banking system in Bangladesh was laid through the
establishment of the Bangladesh Bank in 1972 by the Presidential Order No. 127of 1972
(which took effect on 16th December,1971). Through the Order, the eastern branch of the
former State Bank of Pakistan at Dhaka was renamed as the Bangladesh Bank as a full-
fledged office of the central bank of Bangladesh and the entire undertaking of the State Bank
of Pakistan in, and in relation to Bangladesh has been delivered to the Bank.
After the independence, banking industry in Bangladesh started its journey with 6
Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks.
In the 1980's banking industry achieved significant expansion with the entrance of private
banks.
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After the liberation of Bangladesh the twelve Banking companies who were doing business in
Bangladesh, were nationalized by the Government of the People’s Republic of Bangladesh
under president’s order No.26 of 1972 entitled “The Bangladesh Bank (Nationalizations)
Order, 1972”on March 26, 1972. These are –
Paid-up
New Bank after Authorized
Existing Bank Capital (Lac
Independence Capital (Lac Tk.)
Tk.)
The National Bank of Sonali Bank 500 200
Pakistan, The Bank of
Behawalpur Ltd.
The Premier Bank Ltd., The Agrani Bank 500 100
Habib Bank Ltd., The
Commerce Bank Ltd.
The United Bank Ltd., The Janata Bank 500 100
Union Bank Ltd.
The Muslim Commercial Rupali Bank 500 100
Bank Ltd., The Standard
Bank Ltd.
The Austrasia Bank Ltd., The Pubali Bank 500 100
Eastern Mercantile Bank Ltd.
The Eastern Banking Uttara Bank 500 100
Corporation Ltd.
There were no domestic private commercial banks in Bangladesh until 1982; When the Arab-
Bangladesh Bank Ltd. commenced private commercial banking in the country. Five more
commercial banks came up in 1983 and initiated a moderate growth in banking financial
institutions. Despite slow growth in number of individual banks, there had been a relatively
higher growth of branches of nationalized commercial banks (NCBs) during 1973-83. There
number had increased from 1512 in 1973-74 to4603 in 1982-83.
2.7 Types of Banks in Bangladesh:
Banking sector of Bangladesh is primarily of two types –
2.7.1 Scheduled Bank
2.7.2 Non-scheduled Bank
2.7.1. A. Scheduled Banks:
The banks which get license to operate under Bank Company Act, 1991 (Amended upto
2013) are termed as Scheduled Banks. State-owned commercial banks, private commercial
banks, Islamic commercial banks, foreign commercial banks and some specialized banks are
Scheduled Bank.
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Scheduled Banks are classified into following types:
State Owned Commercial Banks (SOCBs): There are 6 SOCBs which are fully or
majorly owned by the Government of Bangladesh.
Specialized Banks (SDBs):2 specialized banks are now operating which were
established for specific objectives like agricultural or industrial development. These
banks are also fully or majorly owned by the Government of Bangladesh.
Private Commercial Banks (PCBs): There are 40 private commercial banks which
are majorly owned by the private entities. PCBs can be categorized into two groups:
Conventional PCBs:32 conventional PCBs are now operating in the industry. They
perform the banking functions in conventional fashion i.e interest based operations.
Islami Shariah based PCBs: There are 8 Islami Shariah based PCBs in Bangladesh
and they execute banking activities according to Islami Shariah based principles i.e.
Profit-Loss Sharing (PLS) mode.
Foreign Commercial Banks (FCBs): 9FCBs are operating in Bangladesh as the
branches of the banks which are incorporated in abroad.
2.7.2. B Non-Scheduled Banks:
The banks which are established for special and definite objective and operate under the acts
that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These
banks cannot perform all functions of scheduled banks.
Grameen Bank, Probashi Kallyan Bank, Karmasangsthan Bank, Progoti Co-operative Land
Development Bank Limited (Progoti Bank) and Answer VDP Unnayan Bank are Non-
Scheduled Bank.
There are now 6 non-scheduled banks in Bangladesh which are:
Ansar VDP Unnayan Bank,
Karmashangosthan Bank,
Grameen Bank,
Jubilee Bank,
Probashi Kollyan Bank,
Palli Sanchay Bank
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2.8 List of Banks in Bangladesh:
The following table contents the list of existing and running banks in Bangladesh –
Scheduled Banks
A. Central Bank
Banks Established
1. Agrani Bank Limited 26 March 1972
2. Janata Bank Limited By Bank Nationalisation Ordinance of 1972
3. Rupali Bank Limited By Bank Nationalisation Ordinance of 1972
4. Sonali Bank Limited By Bank Nationalisation Ordinance of 1972
5. Bangladesh Development Bank On 16 November, 2009 by amalgamation
Limited of Bangladesh Shilpa Bank (BSB) and
Bangladesh ShilpaRinSangstha (BSRS)
6. BASIC Bank Limited 21 January, 1989
C. State Owned Specialized Banks
1. Bangladesh Krishi Bank 1973
2. RajshahiKrishiUnnayan Bank 15 March 1987 (President's Ordinance No. 58
(RAKUB) of 1986)
D. Private Commercial Banks (PCBs):
I. Conventional PCBs
1. AB Bank Limited 12 April, 1982
2. Bangladesh Commerce Bank 16 Sep, 1999
Limited
3. Bank Asia Limited 27 November, 1999
4. BRAC Bank Limited 4 July, 2001
5. City Bank Limited 27 March, 1983
6. Dhaka Bank Limited 5 July, 1995
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7. Dutch-Bangla Bank Limited 3 June, 1996
8. Eastern Bank Limited 1992
9. IFIC Bank Limited 1976
10. Jamuna Bank Limited 3 June, 2001
11. Meghna Bank Limited 21 April, 2013
12. Mercantile Bank Limited 2 June 1999
13. Midland Bank 9 April, 2013
14. Modhumoti Bank Limited 19 September, 2013
15. Mutual Trust Bank Limited 24 October, 1999
16. National Bank Limited 28 March, 1983
17. National Credit & Commerce Bank In 1993 as commercial bank
Limited
18. NRB Bank Limited 2013
19. NRB Commercial Bank Limited 2013
20. NRB Global Bank Limited 2013
21. One Bank Limited May, 1999
22. Premier Bank Limited 10 June, 1999
23. Prime Bank Limited 17 April, 1995
By Bank Nationalisation Ordinance of 1972;
24. Pubali Bank Limited
denationalized in the year 1983
25. South Bangla Agriculture & 25 March, 2013
Commerce Bank Limited
26. Southeast Bank Limited March, 1995
27. Standard Bank Limited 3 June, 1999
28. The Farmers Bank Limited 11 September, 2012
29. Trust Bank Limited 1999
30. United Commercial Bank Limited 1983
31. Uttara Bank Limited By Bank Nationalisation Ordinance of 1972;
denationalized in the year 1983
32. Shimanto Bank Ltd 21 July, 2016
II. IslamiShariah based PCBs
1. Al-ArafahIslami Bank Limited 27 September, 1995
2. EXIM Bank Limited 3 August, 1999
3. First Security Islami Bank Limited August 29, 1999
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4. ICB Islamic Bank Limited April, 1987
5. Islami Bank Bangladesh Limited 13 March, 1983
6. ShahjalalIslami Bank Limited 10 May, 2001
7. Social Islami Bank Limited 22 November, 1995
8. Union Bank Limited 2013
E. Foreign Commercial Banks
Banks Started Operations in Bangladesh
1. Bank Al-Falah Limited 2005
2. Citibank N.A 1995
3. Commercial Bank of Ceylon PLC 2003
4. Habib Bank Limited 1976
5. National Bank of Pakistan August, 1994
6. Standard Chartered Bank 1905 (including ANZ Grindlays experience;
SCB originally established its first branch in
Chittagong in 1948)
7. State Bank of India
8. Woori Bank September 1996
9. HSBC Bank 1996
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Functions of Commercial Banks in Bangladesh
3.14 Deposit:
1. Al-Wadia Current Deposit
2. Mudaharaba Saving Deposit
Mudaraba Monthly Saving Scheme (Money Grower)
Mudaraba Monthly Income Scheme (Steady Money)
3. Mudaraba Super saving Scheme (Double in6Years)
Mudaraba Multiple Saving Scheme (More than triple in 10years)
Mudaraba Education Saving Scheme
4. Mudaraba Short Term Deposit
One Month Three Months
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Six Months Twelve Months
Twenty Four Months Thirty Six Months
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Chapter- 04
General Banking Activities of EXIM Bank
Step1: Bank provides account introductory form to the prospective client or applicant
Step 2: Applicant fills up the form.
Step 3: Application acquiesces the form duly signed by an introducer and along with two
passport size photos attested from the introducer.
Step 4: The authorized officer analyzes the form.
Step 5: If no mistakes are found, the officer will proceed with the account opening.
Step 6: He/ She will issue a deposit slip where a deposit must be made.
Step 7: Later on he/she will issue the checkbook with the Signature card to verify the
customer.
Step 8: Bank preserves the sample.
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Step 9: Account is opened
4.4 General requirement for opening MSD/MSTD account:
There are few general rules for opening all type of account which is as follows:
Account opening form to be filled in and signed by the account holders.
Introduction by an existing account holder with signature and account number or any
other person acceptable to the bank.
Two copies of contemporary passport size photographs of each account holders
attested by the introducer.
One copy passport size photograph of nominee attested by the account holder.
Individual and Joint Account
A Copy of passport/ national ID card/ driving license/ office id/ word commissioner
certificate, any ID acceptable to the bank.
Attested photocopy of passport with visa for foreign Currency Account.
Joint account declaration form for the Joint account.
TIN Certificate.
Proprietorship Account
Declaration form of sole proprietorship from the bank must be filled up,
TIN Certificate,
Submission a copy of trade license.
Partnership Account
A Copy of registered partnership deed,
Submission of a copy of partnership deed,
Association letter duly signed by all partners,
Copy of trade license,
Photocopy of company TIN,
List of partners with full address and phone number
4.5 Various Types of Deposit Account:
EXIM BANK offers following types of deposit account:
Mudaraba Millionaire
Deposit Scheme
Mudaraba Kotipoti
Saving Scheme
Mudaraba Senior
Monthly Savings Scheme
Chapter- 05
AIS Practice of EXIM Bank Ltd
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5.1 Accounting Information System of EXIM Bank:
“An accounting information system (AIS) is a system that collects, records, stores and
process data to produce information for decision makers” by Romney. An accounting
information system is generally a computer-based method for tracking accounting activity in
conjunction with information technology resources. The resulting statistical reports can be
used internally by management or externally by other interested parties including investors,
creditors and tax authorities.
AIS can be a very simple paper-and-pencil based manual system, a very complex system
using the very latest in computers and information technology, or somewhere these two
extremes. Regardless of the approach taken, the process is the same.
5.2 Characteristics of useful Information:
Relevant:
Information is relevant if it reduces uncertainty decision maker’s ability to make
predictions, or confirms or corrects their prior expectations.
Reliable:
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Information is reliable if it is free from error or bias and accurately represents the
events or activities of the organizations.
Complete:
Information is complete if it does not omit important aspects of the underlying events
or activities that it measures.
Timely:
Information is timely if it is provided in time for decision makers to make decisions.
Understandable:
Information is understandable if it is presented in a useful and intelligible format.
Verifiable:
Information is verifiable if two knowledgeable people acting independently would
each produce the same information.
Accessible:
Information is accessible if it is available to users when they need it and in a format
they can use.
Combination of Both:
Account opening’s data collection,
Deposit Scheme open’s data collection,
Cash receiver’s data collection,
Cash payment’s data collection,
Clearing of Cheque’s data collection, etc.
It helps to input the Clients Information in server.
It process bank statement of clients.
It helps the authorized user to send or receive data from another user.
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Chapter - 06
Description of the Tasks Completed during
Internship
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Chapter - 07
Application of knowledge gained during
BBA program to accomplish each task
“Organizational Behavior”
A course named “Organizational Behavior” was included in the syllabus of BBA program.
Organizational behavior is field of study that investigates the impact that individuals, group
and structures have on behavior within an organization. I broadly learned that every business
has its own value, norms, culture and this helps me to adjust myself with the organization
culture easily. This course played a vital role on my internship. This course taught me how to
behave formally within an organization, how to act react, how to behave with the customer,
how to convince them.
“Banking and Insurance”
The most useful knowledge which I gained from BBA program and used in my internship the
knowledge of banking sector. I learned many important things about banking sector from the
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course “Banking and Insurance”. In this course I learned about types of bank, functions of
bank, role of bank in developing economy, different bank related terms, current structure of
banks in Bangladesh as well as the banking sector of the other countries. I learned about the
functions performed by a bank. And when I conduct my internship; I had to perform these
tasks.
From the course “Banking and Insurance” I learned about various types of accounts, such as
saving deposit account, fixed deposit account, current deposit account etc. also I learned
about demand deposit and time deposit. When I joined internship and worked in accounting
opening section, I applied my academic knowledge acquired from BBA program. I also knew
about the loan and advances from the course “Banking and Insurance”.
“Principles of Management”
In the principle of Management course, I broadly learned about what is management,
functions of management like planning, organizing, staffing, decision making, controlling,
coordinating, role of management for running the organization level of management,
different organizational structures, chain of span, span of control, SWOT analysis etc. which
helps me to understand the bank management procedure, structures, rules, and regulation
easily. This course helped me to find out the strength, weakness, opportunity and threat of
Uttara Bank Limited.
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Chapter- 08
Findings, Recommendations & Conclusion
8.1 Findings:
Lack of manpower in Foreign Exchange Department is a big problem. The manpower of
that section is not sufficient for prompt service.
Lack of promotional initiatives to expand the Foreign Exchange business.
From the previous years it has been observing that frequently the currency of taka is
devaluating and dollar currency is going very high. And devaluation of taka is hampering
import business and other sectors too.
Government new regulations like as L/C margin reduce the Foreign Exchange
transaction.
Strict controlling of Central Bank in foreign currency endorsement is a major problem.
Employees of that department should have fluency in their tasks, so that customer does
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not feel boring.
Most of the customers of the bank ask for more quickly service especially quick, accurate
service and good behavior from bankers as they think a private bank should provide such
quality sufficiently. It has been found that inappropriate and slow work process often
compels the customers to compare the bank with government bank, which is not a good
indication for the reputation of the bank.
Lack of enthusiastic scheme for importers and exporters.
Lack of attractive products at foreign exchange department.
EXIM Bank Ltd has no strong promotional activities to increase motivate its present and
potential investment client.
EXIM Bank Ltd does not grant investment portfolio for new entrepreneurs new
businessmen new companies etc., which ultimately create “Class Banking”.
Government should strong the NBR, anti corruption commission to shut the Hindi
business.
8.2 Recommendations:
Recommendations to overcome the drawbacks foreign exchange division of EXIM Bank Ltd
are shown below
For opening a L/C it’s required to contact with the Zinda Bazar Branch, which is an
AD Branch of EXIM Bank. To minimize the time lag proper attempts should
immediately taken to convert this branch as an AD Branch.
Diversified scheme for export and import with fewer margins for L/C should
introduced by the bank or small entrepreneur to target a different segment to increase
volume of export and import.
Efficient and attractive marketing appearance of the bank in the printing media and
electronic media would also increase knowledge of people about foreign trade. This is
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very much useful for increase transactions in foreign exchange department of this
bank.
Tight rules and requirements for opening currency account should be relaxed and
make it easy and simple.
EXIM Bank should change its policy regarding foreign currency transaction. It should
increase its foreign currency transaction from 10% to at least 30% of its total foreign
exchange transaction to complete with other banks.
To earn more exchange gain, the bank should change its risk adverse policy.
By charging lower commission this bank can increas3e the volume of transaction
related to DD, TT, and TC and thus can improve its volume of foreign remittance.
Appointment of sufficient and well-trained employee in foreign exchange department
would help the branch to perform better.
Commission’s income occupies the major part of the total of a bank and banks
profitability mainly depends on commission earning capacity, so bank should
establish a research and development cell for the purpose of introducing an efficient
foreign exchange department.
8.3 Conclusion:
I have reached a firm and concrete conclusion in a very confident way. The bank has
succeeded in achieving more customer than many other competitors. In my study I have
found that EXIM Bank Limited, Zinda Bazar Branch has reached this position by its
excellent customer’s service, commitment, people’s love and dedicated human resources.
EXIM Bank Ltd. Bank is the largest organization of mobilizing surplus domestic savings.
The study focuses on overview of overall banking of EXIM Bank Ltd. Financial has been
measured in terms of some selected criteria such as; Deposit accounts, Investment accounts,
Authorized Capital, Paid capital, Reserve position, Scope of providing services, Work forces,
Total income, Expenditure, EAT, Dividend per share, Total Asset and fixed asset. In terms
this criteria it has been found that the EXIM Bank Ltd has in a very good touch in all these
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criteria except fixed asset and dividend per share which is not satisfactory. Success in the
banking business largely depends on effective lending. The more the income from credit
operations the more will be the profit of the EXIM Bank Ltd. and here lays the success of
credit financing.
This department is driving the bank from the front. Through the import, export and foreign
remittance operations, this department is making a great contribution to the bank and the
economy as a whole. If it is said that this department of the bank is running according to all
of the ideal principles of modern foreign exchange business mentioned in the book, it will be
exaggerated. Despite problems and weaknesses, it is driving the bank from the front. With an
easy to understand operating guidelines, transparent operating procedure and a team of highly
knowledgeable and proficient personnel, this department is expanding and excelling itself day
by day.
From analyzing all the ratios of EXIM Bank Ltd. I find that the activities and its associated
requirements and results are significant comparing the certain standard level that means the
bank is able to maintain the requirements of a good bank. Its EPS is increasing gradually year
after year and the amount of EPS is significant with the standard average. EXIM Bank Ltd. is
adequately capitalized because it holds required amount of capital against various risk
weighted assets. The bank’s net income is also insignificant level because ROA and ROE of
the bank which are the major indicators of earning of a bank are up to the mark. The other
ratios are also well associated with the standard of industry average. In totally EXIM Bank
Ltd. is performing its activities maintaining all the standard average which will be able to
retain all its clients, shareholders, stockholders and will encourage them to invest in the bank.
During the course of my practical orientation I have tried to learn the foreign exchange
banking activities to realize it with my theoretical knowledge, which I have greathearted and
going to acquire from various courses of my BBA program.
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Bibliography:
Book Reference:
Gulshan, S.S. & Kapoor, G.K. (1994) “Banking Law and Practice”, S Chand & Company,
New Delhi.
Lesikar, Raymond V. and Marie E. Flatley, (2005) “Basic Business Communication”, 10th
Edition, McGraw-Hill Irwin.
Kumar, R. (2010). “Research Methodology: A Step-By-Step Guide for Beginners,” USA:
Sage Publications.
Romney, B. Marshal (2015), “Accounting Information Systems,”9th Edition, Brigham
Young University, Pearson
Debnath, R. M. (2004). Business of Banking. Dhaka: Lotus Publishers.
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Web Reference:
Banks & FIs (https://www.bb.org.bd/fnansys/bankfi.php)
History of Banking in Bangladesh (Part 2) (http://www.reportbd.com/articles/1618/1/-
History-of-Banking-in-Bangladesh-Part-2/Page1.html)
Banking in Bangladesh (https://en.wikipedia.org/wiki/Banking_in_Bangladesh)
List of banks in Bangladesh
(https://en.wikipedia.org/wiki/List_of_banks_in_Bangladesh)
Bangladesh Bank (https://en.wikipedia.org/wiki/Bangladesh_Bank)
History of Banking in Bangladesh
(http://www.assignmentpoint.com/business/banking/history-banking-bangladesh.html)
Banking Sector of Bangladesh
(http://www.assignmentpoint.com/business/banking/banking-sector-of-bangladesh.html)
Lists of Banks in Bangladesh (http://bankinfobd.com/banks)
All Bank Listings in BD (http://www.banksbd.org/banks/
Report Reference:
Annual General Meeting (AGM) Report 2018.
Prospectus of EXIM Bank.
Several Booklets from EXIM Bank.
Several Reports from EXIM bank library.
Uniform Customs & Practice for Documentary Credit (UCPDA 500, 1993 revision).
www.eximbankbd.com (as on 30/12/2017)
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